An allocation of INR 10,000 crores has been announced on expansion of telecom infrastructure under various government projects in the country, however, the Union Budget does not bring any cheer to the telecom sector.

The Organisation for Economic Co-operation and Development (OECD) and G20 countries have been mulling over taking joint action to address the weaknesses within the international tax system that create opportunities for BEPS.

As term insurance is the most cost effective way to cover 10–15 times of one’s annual income, a separate section for term insurance beyond the Section 80C limit would incentivise people to buy term insurance policies and get adequate life cover in the process.